Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin marketThe bitcoin halving coincided with a few other major launches on the blockchain, including cutting-edge programming innovations that are expected to draw more developers to the network.
Magic Eden's pop-up hacker house was modest but had a few bells and whistles that carried the skeleton crew through the week. "People really respect Casey and think that he sort of captured lightning in a bottle," said Nic Carter of Castle Island Ventures."And so there's very high expectations for runes as well."
Bill Barhydt, who runs Abra, a company that supports miners with a mix of services, including auto liquidations, and has access to macro data across the sector, said bitcoin simply cannot scale 100% on-chain via its own layer one. The problem has to do with the fact that bitcoin's blockchain lacks the built-in smart contract capabilities necessary to reproduce the banking stack of a chain like ethereum or solana.
A new report released by Austin-based venture fund Trammell Venture Partners found that the bitcoin startup sector had a breakout year at the pre-seed stage, noting a 360% year-over-year increase in transaction count.